Nonprofit · EIN 06-1641951
RUSSO FOUNDATION INC
Tax-exempt (reinstated) · MIDDLETOWN, CT 06457
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,403,503 | $553,254 | $3,850,249 | $12,141,082 | $0 | $12,141,082 |
| December 31, 2023 | 990-PF | $713,440 | $1,477,519 | -$764,079 | $8,290,833 | $0 | $8,290,833 |
| December 31, 2022 | 990-PF (amended) | $255,208 | $115,899 | $139,309 | $9,054,912 | $0 | $9,054,912 |
| December 31, 2021 | 990-PF (amended) | $541,389 | $343,558 | $197,831 | $8,915,603 | $0 | $8,915,603 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $324,157
- Interest
- $3,312
- Net gain from sales of assets
- $4,058,309
- Other income
- $17,725
Expenses
- Grants and similar amounts paid
- $483,585
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $483,585
- Excise tax on investment income
- $60,986
Balance sheet and other
- Total assets, start of year
- $8,290,833
- Total assets, end of year
- $12,141,082
- Total liabilities, end of year
- $0
- Net assets, end of year
- $12,141,082
- Fair market value of assets
- $16,831,865
- Qualifying distributions
- $483,585
- Net investment income
- $4,387,453
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLENN RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Member of Nonstock Corporation | 5 | $0 |
| ALICIA RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Director and Secretary | 5 | $0 |
| SHANNON RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Treasurer | 0.15 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLENN RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Member of Nonstock Corporation | 5 | $0 |
| ALICIA RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Director and Secretary | 0.15 | $0 |
| SHANNON RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Treasurer | 0.15 | $0 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLENN RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Member of Nonstock Corporation | 5 | $0 |
| ALICIA RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Director and Secretary | 0.15 | $0 |
| SHANNON RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Treasurer | 0.15 | $0 |
990-PF for the year ended December 31, 2021: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLENN RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Member of Nonstock Corporation | 5 | $0 |
| ALICIA RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Director and Secretary | 5 | $0 |
| SHANNON RUSSO 288 MARGARITE ROAD, MIDDLETOWN, CT 06457 | Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 660, MIDDLETOWN, CT 06457-0660
- In care of
- % GLENN RUSSO
- Signed the 990-PF
- ALICIA RUSSO, EXECUTIVE DIRECTOR
- Phone
- (860) 726-7929
- Return prepared by
- HRT Advisors LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 06-1641951
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $12,141,082
- Income (IRS master file)
- $26,241,063
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- February 22, 2012
- Reinstated
- Effective September 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,403,503 | $553,254 | $12,141,082 | XML |
| 990-PF | December 2023 | $713,440 | $1,477,519 | $8,290,833 | XML |
| 990-PF | December 2022 | $255,208 | $115,899 | $9,054,912 | XML |
| 990-PF | December 2021 | $541,389 | $343,558 | $8,915,603 | XML |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1641951).
Questions about RUSSO FOUNDATION INC
- What is the EIN of RUSSO FOUNDATION INC?
- The employer identification number (EIN) of RUSSO FOUNDATION INC is 06-1641951.
- Is RUSSO FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective September 15, 2013.
- Are donations to RUSSO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RUSSO FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RUSSO FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RUSSO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RUSSO FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does RUSSO FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,403,503, expenses of $553,254 and total assets of $12,141,082 at year end.
Other nonprofits in MIDDLETOWN
- COMMUNITY FOUNDATION OF MIDDLESEX COUNTY INC EIN 06-1477711 · last filed 990 for 2025
- MIDDLESEX UNITED WAY INC EIN 06-0665170 · last filed 990 for 2025
- CHC REALTY INC EIN 27-4296337 · last filed 990 for 2025
- MIDDLESEX COMMUNITY COLLEGE FOUNDATION INCORPORATED EIN 06-0991088 · last filed 990 for 2025
- SBW FOUNDATION EIN 20-0703467 · last filed 990-PF for 2025
- COMPASSION FUND INC EIN 82-3704058 · last filed 990-EZ for 2025
- CIVITAN INTERNATIONAL EIN 23-7136308 · last filed 990-EZ for 2025
- LONG WATCH FOUNDATION INC EIN 39-3722586 · last filed 990-PF for 2025
All nonprofits in MIDDLETOWN · Connecticut · Philanthropy, voluntarism and grantmaking foundations